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20130213
20130213
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CNBC 13
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English 13
Search Results 0 to 12 of about 13
CNBC
Feb 13, 2013 9:00am EST
professional life. he'll also talk a little bit of time at citi. that's been controversial, as you guys have pointed out. the question to a lot of lawmakers is, what exactly did jack lew while he worked at citi for the money he collected. he'll describe himself as a changed agent inside citi. he doesn't mention at all in the prepared remarks anything about this fund that he invested in, that was based in the cayman islands. that's likely to be controversial. we're likely to hear several questions about that one. david, the prepared testimony is one thing, but when then get to the q&a, they'll bear down on what jack lew has to say. carl. >> eamon, there's some discussion how his grilling might be a little bit light, only because republicans haven't really coalesced around a whole lot of opposition. >> yeah, i think the consensus is, they might bang him up a little bit in the hearing. but the expectation is he'll get through and the president will get his man. jack lew has been scrutinized in the past for a variety of jobs. he's a well-known figure here in washington. a lot of republicans don'
CNBC
Feb 13, 2013 12:00am EST
, it was for a story about the harlem children's zone, an inner-city education program run by a remarkable man named geoffrey canada... >> good morning, boys and girls. >> and considered one of the most ambitious social experiments to alleviate poverty in our lifetime. >> if you work hard... >> but back then, there was no way to tell if the experiment was working. today the results are in, and they're nothing short of stunning. just ask richar anozier. do you know what college you want to go to? >> stanford. >> what do you want to do after stanford? >> i would like to earn my way to being a ceo. >> welcome to 60 minutes on cnbc. i'm bob simon. in this edition, we look at three groundbreaking approaches to education. first, we visit the seed public charter school, the nation's first urban public boarding school. later, we meet some unlikely students who are getting a liberal arts college degree behind bars. and finally, we go to the harlem children's zone under the leadership of geoffrey canada. we begin with seed, one of the most successful and innovative charter schools in the country. it was start
CNBC
Feb 13, 2013 12:00pm EST
yield which isn't bad compared to what citi will pick up in the bond market but it's not just about the dividend yield, it's also about the dividend growth an the payout ratio is barely more than 30%, when it gets above 50 the story will be over. >> don't fight the feds is the bottom line. that helped eliminate any huge blowup in europe, it's also meaning that maybe we're not going to get a recession in the united states and probably helped out china as well. joe you wanted to jump in? >> david it sounds like maybe you're not as rosy in regards to your outlook. you're saying i would have been right in a pullback if not for central banks being so flush with liquidity. what about the housing recovery we're experiencing and corporate earnings that are incredibly strong and what about a corporate debt market that in terms of issuance investors can't get their hands on enough of it? >> well i would say that the high yield market's become fully priced. high yield tends to lead the stock market and you know beauty is in the eye of the beholder. you talk about strong corporate earnings but
CNBC
Feb 13, 2013 3:00pm EST
york city's biggest sewage treatment plant. this is not a joke. the city says tickets for three-hour tours are nearly sold out and highlights include the giant egg-shaped receptacles. >> thanks for watching "street signs." history always repeats itself. "closing bell" is next. >>> hi, everybody. good afternoon. welcome to the "closing bell." i'm maria bartiromo here at the new york stock exchange. stocks mixed at this hour. the dow struggling to stay above the 14,000 level and the nasdaq modestly higher. >> just a reversal. >> i'm bill griffith. we'll see if the dow can rally back. we're at the lows of the day right now but also following these stories on today's ram. the ceo of dow component cisco will be with us. john chambers will join us moments after the company reports earnings. will the results move us closer or further away from a new high? plus a lot more to get into with the always outspoken john chambers. >> he's terrific and how is this for an odd couple. facebook founder and ceo mark zuckerberg having new jersey republican governor chris christie over to his house t
CNBC
Feb 13, 2013 5:00pm EST
site in new york city's times square, i'm melissa lee. here is what "fast" is following tonight. leon cooperman is liking facebook and selling out of apple. we're breaking down the reasons. great rotation. we have a bond fund manager who says the money flow into stocks is definitely happening. but will your bond holdings blow up? and smart money. are hedge fund managers really the smartest guys in the room? an epic street fight. first, let's get straight to jon fortt covering the cisco conference call. >> moving around a lot, melissa. it was down more than 3% at one point, but just came back as soon as cisco gave guidance. let me tell you what the numbers are. cisco guiding for fiscal q-3, the revenue growth between 4% and 6% year over year, assuming they are able to spin off linksys successfully. nongap operating margin between 26.5 and 27.5%. nongap tax provision tax rate 21%. and they're guiding to nongap eps between 48 and 50 cents. that midpoint, of course, 49 se cents, that's exactly what the street were looking for. people were expecting worse news, i guess, because the stock w
CNBC
Feb 12, 2013 11:00pm EST
city. well, maybe he has a 13 deal right now. i asked the ceo to bring these games back. i don't know if he will. the point is that the stocks and bonds and stuff off ebay, stocks are fascinating now get your kids started on them right now. when you have your kids started on stocks and bonds pick some stocks. they are performing in a good way, given the budget pressures, but if companies maybe your kids are familiar with. guess what they will do over a period of time. so here is the bottom line of my childhood stock market obsession. get them started early and maybe they will play for life. the stock market is a long-term contest and one i think the earlier you get in, okay, the more you can win. let's go to loretta in arizona. >> hi captain cramer a big booyah to you. from phoenix, arizona. >> love phoenix. what's up? >> okay what steps should an investor take when a company they thought was solid with a strong monthly dividend suffers a steep drop in price and a 50% dividend reduction? hold them or fold them? >> a lot of the monthly ones are oil related. freeport a few years back cu
CNBC
Feb 13, 2013 6:00am EST
private partnership in the cayman islands. he happened to invest in partnerships when he was at citi, and they happened to be based there. >> in romney's case he set them up down there? >> no, he didn't. i was not making -- i never made the cayman islands argument to you ever. >> oh! about romney? >> i never did. go back and check the tapes. never. >> i don't think he ever did. >> i think -- >> i don't think he did. >> in general, just the whole perception. now al gore's got more money, a lot more money than romney, as you know. you think that's in the cayman islands? >> he's not filthy rich. no, that's somewhere safe, the lea -- the middle east. >> as the ocean washes across the country, it's safe, probably in gold. >>> in the markets, the futures are fight slightly higher. yesterday the dow was up by 47 point. the s&p up by two. as patty dawn points out, the nasdaq has been the big issue. it was actually down yesterday by five points. it has not closed above the 3,200 level that so many had been watching closely. some say in order to see the s&p 500 and the dow break out to new hig
CNBC
Feb 13, 2013 4:00pm EST
of this, you don't even have to look hard for t.cities like albuquerque, new mexico, raised its minimum wage at the beginning of the year, and you're already seeing headlines there, you know, restaurant cutbacks, restaurant that cut hours two days a week and opted not to hire six new employees. i mean, these are actual on-the-ground consequences that are happening, so if ken wants to -- wants to give his employees a raise, that's fine, but we don't need the government to mandate that for all other businesses, especially marginal businesses that can't affit. >> well, what's the answer then to moving needle on the middle class? how do you think you should do it? >> who is earning the minimum wage who is trying to help. one in six people who earns the minimum wage is a single parent supporting children, so let's say we're trying to help that group. do something like expanding the earned income tax credit which will boost their wages through the tax code instead of a mandate on employers. shown to reduce poverty unlike the minimum wage which has been shown not to reduce poverty. >> that's a
CNBC
Feb 13, 2013 6:00pm EST
city, that soda. >> this is sort of our valentine's day. i'm not here tomorrow to share it with you. >> i would love to take a swig of this. >> look, look! see that? >> now i know where your true affections lie! >> it's the other woman! it's the other woman! >> what is this? >> butter cup. >> a woman in every port, mel. >> and you ate half this, by the way. half is gone. >> happy valentine's out there. >> to everybody, a day in advance. >> a day early. >> which is the way to do it. >> don't go anywhere. "mad >> i'm jim cramer, welcome to my world. you need to get in the game. stearns are going to go out of business and he's nuts, they're nuts, they know nothing. i always like to say there is a bull market somewhere. "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, i'm trying to save you money. i'm teaching and coaching you. call me at 1-800-743-cnbc. of night i come out here and help you find high-quality companies with stocks that are worth owning, stocks that will reward you by going higher
CNBC
Feb 12, 2013 7:00pm EST
unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. a hairline fracture to the mandible and contusions to the metacarpus. what do you see? um, i see a duck. be more specific. i see the aflac duck. i see the aflac duck out of work and not making any money. i see him moving in with his parents and selling bootleg dvds out of the back of a van. dude, that's your life. remember, aflac will give him cash to help cover his rent, car payments and keep everything as normal as possible. i see lunch. [ monitor beeping ] let's move on. [ male announcer ] find out what a hospital stay could really cost you at aflac.com. >>> >>> does the president want to knock them around from one side of the chamber to the other? joining us now howard feinman and kate overshane. kate centerist? >> i think we are going to see hyper partisan but i think he is going to ratchet it up a couple of notches. i think they are going to say they will take food out of the moumgs of babies. it will be the same republicans hate the middle class. >> with a 1.
CNBC
Feb 13, 2013 1:00pm EST
of america's biggest cities. siemens. answers. >>> after shedding jobs for more than ten years, our manufactures added about 500,000 jobs over the past three. caterpillar is bringing jobs back from japan. ford is bringing jobs back from plex co-. mexico. and this year apple will start making maces in america again. >> in fact, apple, ford and caterpillar that got a shout out from the president during his state of the union speech last night. no great shakes on stocks during the response of today's question. but the president making gun control one of his biggest priorities in that speech. as expected a very climactic emotional part to the speech. but in fact, the run up to this only increased gun sales and ham top pearson is at the blue ridge arsenal in virginia. hampton? >> simon, the morning after the president's emotional plea at the end of the state of the union message, the headline here is is that the spike in gun sales after the new town tragedy, it is frankly continuing. bottom line, people who already own guns are buying more guns out of concern that some weapons in the fut
CNBC
Feb 12, 2013 9:00pm EST
schools and city university of new york and ibm, students will graduate with a high school diploma and an associates degree in computers or engineering. we need to give every american students opportunities like this. and four years ago -- four years ago we started race to the top, the competition that convinced almost every state to develop smarter curriculum and higher standards, all for about 1% of what we spent on education each year. tonight i'm announcing a new challenge to redesign america's high schools so they better equip graduates for the demands of a high-tech economy. and we'll reward schools that develop new partnerships with colleges and employers and create classes that focus on science, technology, engineering, and math. the skills today's employers are looking for to fill the jobs that are there right now and will be there in the future. now even with better high schools, most young people will need some higher education. it's a simple fact. the more education you've got, the more likely you are to have a good job and work your way into the middle class. today's s
CNBC
Feb 13, 2013 4:00am EST
expected. what's it mean? joining us is metals and mining analyst at citi. john, how important are these earnings for barrick gold? >> they are important because the problems of 2012 are continuing into 2013. the company's difficulties with the available of power in tanzania and they're about to use diesel power in one of their mines which pushed costs up to $1,000 an ounce. during a strike in 2012, part of the equipment froze up and jammed up. it will take a few months in 2013 to fix up. so the company has guided down significantly for 2013 compared to what analysts were expecting. >> is that a play where you look then at rivals and see them benefiting, or is it pretty much a warning sign for everyone operating in this space? >> no. i think most of this is very company specific. barrick operates at guidance, cost of above $1,000 an ounce for 2013. most of the u.k. gold is at $750, $800 an ounce. and barrick cost shot up sharply in the past few years. again, company and country specific because of the issues they've faced with the power. they've also faced social issues around
Search Results 0 to 12 of about 13